Cement News tagged under: business results
GCC 1H18 sales rise by 11.4%25 July 2018, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) reports that its 1H18 sales increased 11.4 per cent to US398.8m, generating US$115m in EBITDA, up 22 per cent YoY. However, the company's net result slipped, registering a minor loss of US$0.6m. In the 2Q18, sales advanced 6.9 per cent to US$232.3m when compared with the 2Q17. EBITDA rose 8.7 per cent in the 2Q18 to US$69.4m. The company also reported a net loss for the 2Q18 of US$11.9m. During the 1H18 GCC completed the acquisition of the 0.315Mt capa... |
Falcon Cement's 2017 revenue up 56%24 July 2018, Published under Cement NewsBahrain's Falcon Cement Company (FCC) has reported that its total income for 2017 rose to US$45.6m, while its net profit hit US$8.2m. "Despite challenging market conditions and competition, we're delighted to have achieved solid growth in our sales and market share. As a result, we saw profits rise a considerable 54 per cent," said Hisham Alrayes, chairman of the board of directors. "These are strong indicators of the continued strides we are making in the development of our business and... |
ACC announces 11% YoY revenue increase in 2Q1824 July 2018, Published under Cement NewsIndia’s ACC Ltd has announced an 11 per cent YoY rise in revenue to INR38.48bn (US$557.85m) in the 2Q18, while EBITDA advanced 10 per cent to INR5.4bn. Profit remained largely flat, however, showing growth of one per cent to INR3.26bn. Cement volumes increased 7.4 per cent to 7.2Mt in the period, with a positive outlook for demand forecast for the rest of 2018. "The economic upswing in 2018 supported by buoyant consumption, a normal monsoon and uptick in rural demand is expected to bene... |
Qatar Cement records 6% profit decline in 2Q1824 July 2018, Published under Cement NewsQatar National Cement recorded a six per cent YoY fall in net profit to QAR78.26m (US$21.5m) in the 2Q18, compared with QAR83.25m of the year-ago period. In the 1H18 period the company’s profit remained mostly flat YoY, reaching QAR168.52m from QAR168.09m. However, revenue showed a significant decline of 21.9 per cent to QAR434.55m from QAR556.75m. |
Anhui Conch reports positive profit expectations24 July 2018, Published under Cement NewsThe Board of Anhui Conch has announced it expects to record a YoY increase of CNY5373-6717m (US$788.3-985.4m) in its net profit attributable to equity holders for the six months ended 30 June 2018, prepared in line with PRC accounting standards). In 1H17 the company’s unaudited net profit attributable to equity holders reached CNY6717m while the net profit after extraordinary items attributable to equity shareholders reached CNY5123m. The company attributes the rise mainly to the signifi... |
Dangote Cement 1H18 revenues of NGN482.4bn23 July 2018, Published under Cement NewsDangote Cement Group reported 1H18 unaudited revenues of NGN482.4bn (US$1.33bn), up 16.9 per cent and group EBITDA up 20.8 per cent at NGN246bn. Joe Makoju, group CEO, commented on the company's 1H18 results: "Our first-half performance was very strong and driven by an excellent recovery in Nigeria, where our sales volumes increased by nearly 14 per cent and revenues rose by more than 18 per cent. Pan-African operations saw a slight fall in volumes but both revenues and EBITDA increased b... |
Cementos Pacasmayo sees 10% rise in 2Q18 net income23 July 2018, Published under Cement NewsPeru’s Cementos Pacasmayo saw its revenues rise 2.3 per cent YoY to PEN287.5m (US$87.8m) in 2Q18 as sales volumes of cement, concrete and precasts advanced 1.9 per cent YoY to 0.534Mt on the back of higher sales to medium-sized companies and the public sector. Consolidated EBITDA reached PEN84.7m, up 9.7 per cent YoY in 2Q18 while the cement EBITDA margin increased by 2.5 percentage points to 30.3 per cent, mainly due to improved operational efficiencies. Net income increased 10.3 per... |
UltraTech's 2Q18 sales rise by 27%19 July 2018, Published under Cement NewsUltraTech Cement Ltd's unaudited financial results for the quarter ended 30 June 2018 reported net sales of INR88.4bn (US$1.28bn), up 27 per cent from INR69.3bn of the previous year. Profit before interest, depreciation and tax (EBITDA) was INR17630m when compared with INR17980m in the corresponding period of the previous year. Sales volume jumped 34 per cent over 1QFY18. The company achieved an operating EBITDA of INR929/t as compared to INR922/t in 4QFY18, despite the hike in fuel prices... |
Vicem reports 10% sales increase in 1H1818 July 2018, Published under Cement NewsVietnam’s Vicem has reported a 10.1 per cent YoY increase in cement and clinker sales for 1H18, with the total 14.7Mt including 11.74Mt of exports. Additionally, the company’s cement and clinker output rose 8.5 per cent and 6.4 per cent to 10.15Mt and 11.56Mt, respectively. It aims to produce a further 5.08Mt of clinker and 6.28Mt of cement in the 3Q18, up 24.7 per cent and 1.4 per cent, respectively, according to the company’s statement. Vicem has targeted over VND37trn (US$1.61bn) of... |
Raysut Cement 1H18 profit falls16 July 2018, Published under Cement NewsRaysut Cement Co reported a 14.4 per cent increase in revenues in the first half of 2018. Revenues advanced to OMR42.8m (US$111.3m) from OMR37.4m in 1H17. However, the Omani cement producer’s profit attributable to shareholders during the first six months of 2018 fell 84.8 per centto OMR701,731 from OMR4.6m a year ago. |